# Lazard

Lazard is a Bank / Wealth / Trust based in New York, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 1848
- **Assets under management:** $230B–$250B (Altss estimate)
- **Website:** lazard.com
- **LinkedIn:** https://www.linkedin.com/company/lazard
- **Wikidata:** Q637440

## Regulatory record

- **CRD number:** 122836
- **SEC file number:** 801-61701
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/122836

## About

Lazard is an SEC-registered investment adviser in New York, NY, since 2002. It manages $120.5 billion in assets, $116.5 billion on a discretionary basis. The firm has 532 employees and 240 investment advisers.

## Sectors

- Financial Services
- Real Estate
- Infrastructure
- Private Credit
- Industrial Tech

## Offices

- Paris
- London

## People

- Peter R. Orszag — Chief Executive Officer
- Kenneth M. Jacobs — Executive Chairman

## Questions

### Who runs investment decisions at Lazard Asset Management?

Lazard Asset Management operates with autonomous portfolio management teams organized by strategy, overseen by CEO Peter Orszag at the firm level. The global head of Lazard Asset Management is Evan Russo, who reports directly to Orszag. Individual portfolio managers retain significant discretion within their mandates, a structure inherited from the firm's partnership culture.

### How does Lazard's restructuring practice interact with its asset management business?

The restructuring group provides on-the-ground intelligence about distressed credits that can inform the asset management team's positioning, while asset management's bondholder stakes can create conflict-of-interest firewalls that the public-company structure makes visible through quarterly disclosures. This dual model — advisory fees plus AUM-linked revenues — tends to offset cyclical downturns in either line.

### Is Lazard structured as a partnership or a public company?

Lazard is a publicly traded company listed on the New York Stock Exchange under ticker LAZ, having gone public in 2005. The firm maintains a dual-class structure and an Executive Chairman role alongside the CEO, preserving some partnership-era governance features while subjecting the firm to SEC reporting requirements that private advisory peers avoid.

### Which sectors does Lazard's investment bank explicitly cover?

Lazard's advisory practice organizes around industry groups including financial institutions, healthcare, energy, technology, media and telecommunications, industrials, real estate, and consumer and retail. The firm maintains a separate sovereign advisory practice handling government-side restructuring mandates.

### How is Lazard Frères Gestion related to the main firm?

Lazard Frères Gestion is the separately listed French affiliate based in Paris, operating as an independent asset manager with its own product suite, distribution network, and regulatory framework under French law. It traces its lineage to the original Paris house of Lazard Frères and maintains a distinct brand identity while remaining historically tied to the Lazard name.

## Related profiles

- [Layline Advisors](https://altss.com/profile/layline-advisors)
- [LB Forsikring](https://altss.com/profile/lb-forsikring)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/lazard

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